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Walmart sees its shares soar 10% after report of ballooning internet sales

Walmart, the biggest U.S. retailer, reported an astounding 40% surge in its sales over the internet in the three past months, which lifted sales on the whole to $128 bln.

Photo: GETTY IMAGES

The company’s shares rocketed 10% before the opening of the stock market in New York.

The administration is improving stores and web-based marketplace to provide faster and more convenient service for customers, Doug McMillon, Walmart CEO, said.

UK branch of Walmart working under the name of Asda, which is in the process of merging with Sainsbury's, showed that its like-for-like sales increased 0.4%.


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